Nu Skin Enterprises, Inc. (NUS) Wednesday announced anticipated results for the fourth quarter. The company currently expects fourth-quarter per share earnings to be in a range between $0.94 and $0.96. Quarterly revenue is expected to touch about $588 million, representing a increase of 19 percent from the prior year. The company added that the impact of foreign currency exchange on revenue shall be negligible for the latest fourth quarter.
On average, 8 analysts polled by Thomson Reuters expect the company to earn $0.83 per share on revenues of 531.57 million for the quarter. Analysts' estimates typically exclude special items.
Truman Hunt, president and chief executive stated, "As a result of the efforts of our sales leaders and corporate personnel around the world, revenue growth will be 19 percent in the fourth quarter, surpassing prior revenue guidance by $58 million."
In addition, Nu Skin repurchased $200 million of its stock during the year, constituting nearly 7 percent of its total shares outstanding.
by RTT Staff Writer
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